The more things we have in confluence to support an idea the better

ICT does long term top down analysis at the last trading day of every month, so once a month

The PDFs are going to be useless to someone that hasnt gone trough every single lesson

It all starts with the seasonal tendency

We look for the current month seasonal tendencies and the one coming up

Everything in this teaching is the same for all 4 asset classes, as we get closer into the smaller timeframe theres more specific stuff per asset class

Every 3/4 months

We always have to be aware that a quarterly shift can happen when the market has been trading to one side for a while, it could continue and many times it does but its not always the case.

Look at the analysis with the anticipation of its either going to continue or likely to reverse in the coming 3/4 months

Interest rate differentials has been thought in the beginning of the year, we’ll go over it in a little bit more detail later this lesson

We always start with TIME, so we now have 2 references of time. Its time and price, first time and then price. Once we have a time element now we’re going to look for reasons to justify why price should do it

For interest rate differentials if we’re looking at currencies then obviously this is the portion where interest rate differential have to kick in.

If its going to be stocks then we will be looking at the bond market, if the bond market is moving lower that means interest rates are going higher and thats going to be harder for stocks to maintain a bullish market. If bond prices are rallying that means interest rates are going lower and generally thats going to be supportive of a bull market in stocks

For commodities everything is going to be reverse based on the interest rates

Interest rates are a fundamental reason for price to go higher, so basically were looking at the “Fundamentals”

Interest rates are the number 1 driver across all asset classes